quote:I haven't been keeping up, but any explanation for the rise in the dollar? Any foreseeable consequences from this type of market behavior?

I am no expert and I am sure there are other people on the board that can give you a better answer than me, but I do research a lot. Here's what I think:

There are always several reasonings for this. One thing that stands out to me is the trend. The trend right now is the US Dollar. Because of this people will usually sell off their gold/other currency positions and put it into the greenback or treasuries. Another reasoning could be other countries are seen as being in a worse financial state than the US. So investors are seeing the Dollar as a better investment.

Here is an article I agree with in terms on why the dollar rises, usually. He gives pretty good answers: LINK

The only consequences I can see based on this, would be commodites prices and metals trending down.

Fat bastard you can't trade a share of etf for Campbell's soup cans in the event shtf and were all in bunkers with no access to Internet with nothing but guns and coins....watch doomsday preppies man....buy the 100oz pieces on apmex bc it's gonna take a lot of individual coins to pay for cars

My boss is a doomsday prepper and has gotten me into watching the show and seeing things in a completely different way. He is prepping for economic collapse and the receding value of silver and gold has got his wheels turning today. He has been informing the office that collapse is right around the corner.

He is a stressful dude sometimes, but I have a ton of respect for him.

He is definitely. I appreciate the guy, he has been a great manager and real easy to communicate to. The times I get distraught about his paranoia is when he blindsides you with his recent readings and how it relates to the task you are doing at hand. For example, recently I brought in 8 cans of canned soup and chef boy r d for upcoming lunches when I don't want a sandwich. My boss comes up to me after I just filled the cupboard and opened one can to microwave, and expresses how chemicals in canned food are linked to numerous forms of cancer. Lunch was terrible that day.

He is also peculiar about ranting in the early hours of the day, at the times when a boost of morale is need the most. Try working your normal 8-10 hour shift after listening to him rant how the government blows, economy will collapse, how you can't survive without proper prep, etc... Those days I find myself browsing the web the most.

re: Bought gld and slv yesterdayPosted by Jwodie on 2/22/13 at 1:51 pm to RickAstley

Your boss sounds like a few of my conspiratorial friends who are rapidly buying up silver to fend off the impending "inevitable" collapse of America. While I don't fault one for investing some capital in PMs, you're better off investing in gold/silver index funds rather than physical PMs. That is, unless you actually believe we're rapidly approaching a post-Apocalyptic state.

re: Bought gld and slv yesterdayPosted by RickAstley on 2/22/13 at 2:02 pm to Jwodie

I never put much thought to the world ending, and how I would try to survive if survival was an option. Since working here, I have pretty much learned that if it hits the fan, my last hope is to find my boss's hideout and work for him. Otherwise I am screwed.

I do keep up with PMs a considerable amount more though. I try to identify items with silver content and I don't mind stockpiling an amount that is easy enough to transport. Other than that, I have not bought into the doomsday movement, but I find it very interesting.